Author: Bryan Villarosa

What does a group life insurance cover? Death of the employee regardless of cause except suicide during the first year or sometimes the first two years. It can cover death outside working…

How to stop life insurance When you stop your life insurance as a policyholder, this is called “surrendering”. You can get immediate value when you surrender your life insurance policy depending on…

What are riders? These are separate provisions from the life insurance policy which enhances it and provides benefits of a different nature. Disability Waiver of Premium Rider the payment of premiums is…

Cash Value – is the savings element that builds up in permanent insurance plans Cash Surrender Value – the sum of money an insurance company pays to a policyholder or an annuity contract owner if their…

Revocable primary beneficiary vs. Irrevocable primary beneficiary vs. Contingent In general, beneficiaries can only receive the policy proceeds if he is alive at the time of the insured’s death. The irrevocable primary…

“Substandard rate” – refers to premiums charged to persons who are considered higher-than-average risk categories or applicants with moderate physical impairments. Increased rates. Applicants with sub-standard risks may be insured at increased…

Modified Life Policy is where the initial premium rate applies to the first 5 years of the policy and a higher premium rate applies to the remainder of the premium-payment period. “Joint…